Job Market Monitor
Unemployment
Veteran unemployment is falling as employers realize what a soldier can do
In recent weeks, area manufacturers have peppered veteran affairs offices and job training centers with requests for veteran job candidates, preferably people fresh from the fight in Iraq or Afghanistan. Cuyahoga County recently welcomed a veteran job specialist — becoming the first county in Ohio to do so — and some major employers are instructing … Continue reading
UK | A retreat on workfare would fail our young – Telegraph
It is one thing for the Conservatives to let the Liberal Democrats make the political weather. It is quite another to cede the terrain to the Socialist Workers Party. Yet this week, SWP activists have managed to whip up a storm of protest over the Goverment’s flagship work experience scheme, claiming – absurdly – that … Continue reading
California | Long-term unemployed get reprieve | The Orange County Register
Long-term unemployment benefits in California should remain at 99 weeks in California until June, according to an Employment Development Department analysis of the payroll tax and jobless bill signed by President Barack Obama Thursday. Initial descriptions of the legislation suggested long-term benefits would be cut to 73 weeks under a compromise approved by Congress earlier … Continue reading
Ireland reveals plans to cut dole queues – CTV News
Dublin has unveiled far-reaching plans to cut dole queues by targeting those at risk of long-term unemployment, introducing penalties for people who do not take up training, and inviting the private sector to provide job placements. The plan copies several ideas already in place in the U.K., France and Australia, including immediate on-the-spot assessments for … Continue reading
Windsor, Ont., poised to get 500 new manufacturing jobs – Windsor – CBC News
Windsor Mayor Eddie Francis confirmed Thursday the city is close to landing 500 much-needed manufacturing jobs. Francis called talks between BYD Company Limited and the City of Windsor “pretty advanced.” He also said that Windsor is “further ahead than other cities” when it comes to convincing the Chinese electric bus builder to set up shop. … Continue reading
Recession has Portugal urging citizens to leave to find work – USATODAY.com
For nearly 600 years, Portugal had one of the greatest colonial empires in Europe, commanding trade centers in Africa, South America and China. Ana, a 28-year-old unemployed Portuguese woman, waits in line in Lisbon on Jan. 3 to discuss her unemployment benefits. Austerity measures have made it difficult for many Portuguese to find work. Now, … Continue reading
President Obama proposed a job creation tax credit in his budget, but it is bad policy | Business | TIME.com
A tax credit? For small businesses? To create jobs? And raise wages? Wow! What a great idea! What’s not to like? Quite a bit, in fact. In his fiscal 2013 budget proposal, President Obama has suggested a temporary 10% tax credit designed to spur job creation and wage growth among small businesses. It’s a fine … Continue reading
Irish and British head for Australian jobs, but where are the Greeks?
RISING unemployment in Europe has driven an influx of Irish and British skilled migrants to labour-strapped pockets of the Australian economy in recent months, government figures show. But skilled migration from Greece, where unemployment topped 20 per cent in November, remains low as Australian recruiters target already strong labour streams from the British Isles. The … Continue reading
Michigan jobless rate drops, but not because more jobs exist – Feb. 24, 2012
After leading the nation in unemployment for four years, Michigan has finally dropped out of the Top 10. State unemployment slid to 9.3% in December, only a touch higher than the national rate, and a sharp decline from the 14.1% rate that Michigan hit in the fall of 2009. And last year was the first … Continue reading
Unemployment Extension – jobsearch.about
Congress has passed and President Obama has signed extension of federal extended unemployment benefits programs and the payroll tax cut. Federal extended benefits for long-term unemployed workers will be gradually reduced to 73 weeks in the states with the highest rates of unemployment and 63 weeks elsewhere. Here’s a summary of the changes: Extended Unemployment Tiers 2012 … Continue reading
Philippine | Rise in unemployment will push PH to intensify labor export, says group |
Global alliance of overseas Filipinos and families Migrante International today said that the rise in local unemployment will push the Philippine government to further intensify and implement a more aggressive labor export policy. According to the 2011 Social Weather Survey, unemployment rose to 24 percent, or an estimated 9.7 million, signifying an additional 1.5 million … Continue reading
UK | NEETs | Almost 1m young people not in education, employment or training
Almost 1 million young people are not in school, work or training, according to official figures which underline the extent to which the economic slowdown is hurting school-leavers. One in six 16- to 24-year-olds was a “neet” (not in education, employment or training) in the last three months of 2011, according to statistics published by … Continue reading
Our prolonged employment gap – Rex Nutting – MarketWatch
Everyone knows that the Great Recession has inflicted tremendous damage to the lives and fortunes of millions of Americans. But what you may not know is that most of the suffering is still to come. We’re not even halfway done with this mess. The economy has been growing for 31 months now, and employment has … Continue reading
The China Syndrome: Local Labor Market Effects of Import Competition in the United States
“The value of annual U.S. goods imports from China has increased by a staggering 1,156% from 1991 to 2007.” write David H. Autor, David Dorn and Gordon H. Hanson in The China Syndrome: Local Labor Market Effects of Import Competition in the United States on mit.edu. The rapid increase in U.S. exposure to trade with China and other developing economies suggests … Continue reading
How Economists Tally Unemployment—and Its Affect on the Black Jobless Rate – COLORLINES
When the black unemployment numbers dropped so steeply in January—from 15.7 to 12.7 percent—a lot of analysts were scratching their heads to figure out why. One told us that it was “quite surprising,” but there would be no way to know what the numbers meant or whether they were accurate until we saw if the … Continue reading
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